More than 500 firms tap construction productivity fund
More than 500 construction firms have tapped on the Construction Productivity and Capability Fund.
Some S$9 million of the S$250 million fund has been given to construction companies to adopt productivity-improving technologies and innovations.
The CPCF was launched in June 2010 as part of a roadmap to improve the competitiveness of the sector.
Under the roadmap, the local construction industry is also required to adopt a Building Information Modeling process by 2015. According to the Building and Construction Authority the industry is on track to meet the 2015 target.